Purchase-to-let lender Landbay has lower 5-year mounted charge buy-to-let product by as much as 0.15%.
After this alteration 75% LTV 5-year mounted charges are priced at 4.89% with a 1% charge or 4.09% with a 5% charge.
The free valuation remortgage merchandise within the Premier vary have additionally seen reductions of 0.13%, with charges now beginning at 4.14% at as much as 75% LTV.
Rob Stanton, gross sales and distribution director at Landbay, mentioned: “Following the launch of latest Premier merchandise final week, it’s nice to have the ability to announce charge reductions throughout our Premier vary of five-year mounted merchandise.
“This vary serves a important a part of the market and offers useful choices to these seeking to develop and scale, as properly these within the means of refinancing.
“Our information tells us that five-year choices stay the popular selection of landlords, so it’s essential that we not solely meet this demand, however guarantee our charges are as aggressive as attainable.
“Attaining this requires the best mixture of innovation and agility to determine gaps available in the market for brand new merchandise and alternatives to tweak and enhance the charges we provide.
“On each counts, our tech-first method to lending allows us to behave shortly as quickly as the chance presents itself.”
